Citek Technology and Hoa Phat Dung Quat Steel kick off SAP S/4HANA
Citek Technology JSC and Hoa Phat Dung Quat Steel JSC, a member of Hoa Phat Group, struck a deal on June 8 over a project to deploy an enterprise resource planning (ERP) system called SAP S/4HANA at the billion-dollar Hoa Phat Dung Quat Steel Complex in the central coast province of Quang Ngai.
Representatives CEO of Citek Technology JSC and Hoa Phat Dung Quat Steel JSC shake hands at the signing ceremony
SAP S/4HANA is the Next-Generation ERP Software, Utilize an intelligent ERP system to address today’s challenges and tomorrow’s opportunities with flexibility, speed, and insight.
An intelligent ERP solution that enables companies to capture every opportunity in today’s digital world, SAP S/4HANA removes common obstacles associated with legacy ERP applications, such as batch latency, complex landscapes, and manually-driven processes.
The solution will allow the operator of the steel complex to plan and manage all of its production and business activities.
The project, which will be implemented in 10 months, includes the management of purchase, warehouse, barcode, production, sales, product quality and maintenance; financial and management accounting; integration of electronic scales; and production equipment.
When the system “Go-Live”, Hoa Phat Group will have an international standard management system with real-time production and business data, and indicators for business performance.
Hoa Phat Dung Quat Steel Complex, which costs a total of VND52 trillion (US$2.27 billion), is expected to turn out four million tons of steel a year.